Temasek eyes downside protection in risk review

Forbes.com, 17 Jul 2009, Reuters
SINGAPORE, July 17 (Reuters) - Burned by losses from big Western banks, Singapore investor Temasek may shift its risk management strategy towards that of peer GIC, building layers of protection before making multi-billion dollar investments.
With an imminent change of leadership, the city-state's smaller wealth fund is reviewing its risk strategy after it lost more than $4 billion this year from dumping stakes in Bank of America ( BAC - news - people ) and Barclays ( BCS - news - people ).
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